Key Point: “Not continuing a tax cut is not technically a tax increase,” Mr. Norquist told us. So it doesn’t violate the pledge? “We wouldn’t hold it that way,” he said.
Out from under the anti-tax pledge
Washington Post Editorial, Published: July 20
Wanted to make sure you all saw this article in the New York Times outlining the damage to our fragile economy that default would do. So far, House Republicans have refused to heed the warnings and have refused to work with Democrats on a big, grand bargain approach to deficit reduction that includes revenues.
Maybe these warnings from the Times will wake them up:
From the Democratic Whip Press Shop:
We know that Republican debt limit antics have reached the point of absurdity when The Onion hits the nail on the head describing the Republicans’ position that’s putting our economy at risk. Republicans may be pushing our country toward default, but at least they’re pushing the bounds of satire at the same time:
Wanted to make sure you all saw this post in the Washington Post’s Plum Line blog about how House Republicans are so dug in on the deficit issue, they are not even willing to listen to Ronald Reagan.
With less than two weeks to go before America defaults on its debts, House Republican Freshman are still trying to score political points and push their extreme agenda, even if it means America not paying its bills for the first time. Or even if it means turning on their own party leaders.
As Politico reports: